New
$1,399,000
23.3 Acres
16 Almond Tree Lane
Warwick, NY 10990
Listed with Keller Williams Realty
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1 Royal Acres Drive
$1,399,000
Est. $8,529/moMiddletown, NY 10940 · Orange County
- Status
- Active
- On site
- 108 days
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About this home
One-of-a-kind 7-building residential rental property with 36 acres of land in the town of Mount Hope for sale. All 7 buildings have been updated, and some are still undergoing further renovations. Some of the units were used intermittently for Airbnb, while others have been rented out permanently as yearly rental units. The main house is 2,152 square feet with at least 2-3 bedrooms. Unit 2 is 1,772 square feet with 2 bedrooms. The remaining units are all 1-bedroom units. The annual income is $322,000 based on yearly rentals, with significantly higher earnings through Airbnb rentals from before. There is a pond and a large, old barn on the property. The rear of the property offers plenty of land that can be utilized. The surrounding area consists of single-family residential properties. This property is grandfathered as a residential-commercial property. It is located in a quiet and desirable MiniSink School District, not far from shopping and highways. The CAP rate is around 7% with the current $1.3MM sales price.
- Type
- Multi Family
- Year built
- 1945
- Lot size
- 36 acres
- Annual taxes
- $17,258
- County
- Orange County
- School district
- Minisink Valley
- Listed
- June 1, 2026
- MLS #
- 1007597
- Heating
- Propane
- Cooling
- None
- Parking
- Driveway · Private
- Sewer
- Septic Tank
- Water
- Well
As reported by the listing office; verify enrollment with the district.
- Elementary
- Otisville Elementary School
- Middle
- Minisink Valley Middle School
- High school
- Minisink Valley High School
Listed with Keller Williams Hudson Valley · Jonathon Z. Lee · Source: OneKey MLS
Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Sep 17, 2026, 5:09 PM ET. ©2026 One Key MLS.
Estimate Your Monthly Payment
Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.
$8,529.27Total / mo
Estimated Monthly Payment
- Principal & interest
- $6,891.11 (80.8%)
- Taxes
- $1,438.17 (16.9%)
- Insurance
- $200.00 (2.3%)
Representative rates
Representative rates only, indicative for comparison. Edit the interest rate for your own quote; your lender’s numbers vary with credit, points, and insurance.
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Market Insights
The market around Middletown, NY
Current Listings
New in the last 30 days
77
Sep 2026
Average Price
Active listings
$559,183
Sep 2026
Average Days on Market
Active listings
153 days
Sep 2026
Computed from 325 active OneKey MLS listings in Middletown, NY.
